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Listed by Andi Bytyqi • Fidelity Real Estate Brokers
$ 1,375,000
Est. payment | /mo
14,976 SqFt
$ 1,375,000
Est. payment | /mo
14,976 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 14,976 sqft
Price per Sqft $91
MLS Listing ID OKC1215276
HOA Fees $8,400
Year Built 1977
Annual Tax Amount $7,722
Lot Size 0.735 Acres
Property Sub-Type Office
Property Description
Excellent opportunity to acquire a multi-tenant commercial building along the highly trafficked NW 63rd Street corridor. Situated on a 32,016 SF lot and zoned C-3, the property offers strong visibility, flexible suite configurations, and immediate upside potential. Currently aprx. 70% leased with 25 configurable suites, the building generates $97,871 in gross annual income and approximately $49,885 NOI. Leases are modified gross with 1–3 year terms, and most include 3% annual increases. Approximately 4,854 SF is available, creating immediate lease-up opportunity. Current asking lease rates of $10/SF are below market, offering clear potential to increase income over time.
Ideal for both investors and owner-occupants. Approximately 1,919 SF is available on the first floor, 1,404 sqft of which is functioning Hair Salon. An additional 2,935 sqft space is available upstairs, currently separated in 5 units, allowing a business to occupy immediately while benefiting from in-place tenant income. Any of the spaces can be connected or separated to fit your needs.
Recent capital improvements include a new 20-year warranty roof (2019), three of eight five-ton HVAC units replaced within the past six years, and a full LED lighting retrofit converting all T8 fluorescent fixtures to energy-efficient LED tubes—significantly reducing operating expenses.
Located within a quarter mile of major intersections and surrounded by national and regional retailers, the property benefits from approximately 49,400 vehicles per day, strong accessibility, and long-term repositioning potential.
Ideal for both investors and owner-occupants. Approximately 1,919 SF is available on the first floor, 1,404 sqft of which is functioning Hair Salon. An additional 2,935 sqft space is available upstairs, currently separated in 5 units, allowing a business to occupy immediately while benefiting from in-place tenant income. Any of the spaces can be connected or separated to fit your needs.
Recent capital improvements include a new 20-year warranty roof (2019), three of eight five-ton HVAC units replaced within the past six years, and a full LED lighting retrofit converting all T8 fluorescent fixtures to energy-efficient LED tubes—significantly reducing operating expenses.
Located within a quarter mile of major intersections and surrounded by national and regional retailers, the property benefits from approximately 49,400 vehicles per day, strong accessibility, and long-term repositioning potential.
Location
State OK
County Oklahoma
Zoning Commercial
Interior
Heating Gas
Cooling Central Elec
Fireplace N
Exterior
Parking Features Asphalt
Garage Description Asphalt
Building
Story 2
Sewer Public Sewer
Water Public
Nearby Locations
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